Daycare-Converted Office
68 Executive Drive Jackson, TN 38305
68 Executive Drive, Jackson, TN, 38305
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For Sale
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A 2,400± sf commercial building with two separate utility meters and flexible office configurations on each side.
Property Size2,400 SF
Price / SF$166.67
Days on Market17
Property Features for 68 Executive Drive
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Office, Retail, Industrial
Building Details
- Year Built
- 1997
Listing agency
Ragan Realty Group
(731) 267-1932
Listed by
Brandi Ragan · License #333847
Source
Crexi
Added: Jul 6 Updated: Jul 22 at 10:38AM Checked: Jul 22 at 10:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ragan Realty Group
Investment Insights
Based on property information with market context.
68 Executive Drive is a 2,400± square foot commercial building most recently operated as a daycare. The property was designed for versatility, with two separate utility meters that support split use and flexible operations.
The layout provides approximately 1,200 square feet per side, with multiple office configurations on each half. This arrangement can suit owner-occupancy with space for additional tenants, or an investment strategy where separate areas are leased out.
The building’s practical split utility setup and office-ready configurations make it a straightforward option for converting back to professional office use.
The layout provides approximately 1,200 square feet per side, with multiple office configurations on each half. This arrangement can suit owner-occupancy with space for additional tenants, or an investment strategy where separate areas are leased out.
The building’s practical split utility setup and office-ready configurations make it a straightforward option for converting back to professional office use.
Key Highlights
- 2,400± SF commercial building built in 1997 with flexible space for business use
- Formerly operated as a daycare; can be converted back to professional office space
- Two separate utility meters support separate tenant use or owner‑occupancy with additional income
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $40.9k | $17.04 |
| − Vacancy | −$6.7k | −$2.81 |
| EGI | $34.1k | $14.23 |
| − OpEx | −$8.5k | −$3.56 |
| NOI | $25.6k | $10.67 |
2,400 SF · lease $17.04/SF/yr · vacancy 16.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$365.9K
$320.1K – $426.9K
NOI $25,611 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$494.2K
$432.4K – $576.6K
NOI $34,595 @ 7.0% cap · market cap 8.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Pool Table Repair
Department Store
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - A 2,400± sf commercial building with two separate utility meters and flexible office configurations on each side.
Where is this office units located?
The property is located at 68 Executive Drive Jackson, TN.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2,400± SF commercial building built in 1997 with flexible space for business use; Formerly operated as a daycare; can be converted back to professional office space; Two separate utility meters support separate tenant use or owner‑occupancy with additional income
